In Brief
Sanjay Chandra and others sought interim bail while Special Leave Petitions challenging denial of bail were pending. The Court granted conditional bail requiring deposit of ₹750 crores in its Registry by end of December 2017. Jail authorities were directed to facilitate meetings with company officials within restricted visiting hours and to provide video conferencing facilities, enabling negotiations on asset realization. Negotiations were restricted to unencumbered properties only. Pending proceedings could continue but no coercive execution was permitted. These measures aimed to balance competing claims of home buyers—some seeking flat possession, others seeking refunds—while ensuring Court supervision and compliance."
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